Piyush Patel
Hanover Park,IL
Summary
- Experienced accounting professional skilled in multitasking, systematically prioritizing responsibilities, meeting deadlines, effectively communicating and collaborating with management, consistently producing top-quality work, and demonstrating superior analytical skills.
- Successfully preparing financial statements, management reports, quarterly reviews, audit and tax filings, budget preparation and variance analysis, cash management and forecasting, month-end closing, general accounting, GL reconciliation, and investment accounting and analysis. Expertise in financial reporting and compliance ensures accurate and reliable financial.
- Strong PC skills in various ERP systems, such as NetSuite, Microsoft GP, Microsoft Dynamics AX, Oracle, PeopleSoft, JD Edwards, QuickBooks, and ACCPAC. Proficient in Microsoft Office applications, including advanced Excel and Word.
Overview
24
24
years of professional experience
1
1
Certification
Work History
Senior Manager - Finance Operation & Tax
National Restaurant Association
09.2010 - Current
- Supervise daily accounting operations; work cooperatively with the team to achieve daily objectives
- Organize, coordinate, streamline workflow, and delegate duties to appropriate employees
- Oversee the daily cash position for various bank accounts, manage budgeted transactions, and interpret key transactions for management to make economic and business decisions
- Oversee the Accounts payable function, including providing staff training on an automated document retrieval system, DocuPeak
- Solve common and complex system errors; review daily payments and authorize wire/ACH fund transfers
- Oversee the Accounts receivable function, including investigating circumstances of non-payment, negotiating and resolving conflicts to expedite receipts
- Review/reconcile Lockbox cash collection and ensure it applies to the customer's account
- Maintain an optimal level of inventory to ensure the timely availability of products
- Minimize exposure to the obsolete and excess stock
- Investigate issues related to customer complaints, reconcile inventory on hand, and present analysis to management
- Issue/modify coupon code, including discount setup
- Oversee the accurate and appropriate recording of monthly payroll
- Manage and resolve payroll-related issues
- Reconcile various bank and key GL accounts
- Oversee and file federal, state, franchise, multi-state sales tax, and various business tax returns on time
- Keep up to date with current issues and ensure strict adherence to regulations, procedures, and practices
- Collaborate and support regulators and external auditors, including various tax audits, year-end audit, and internal controls
- Review and upgrade existing systems to improve efficiency; evaluate and communicate financial information; analyze and resolve accounting issues
- Assist in preparing the organization's annual budget and provide functional analysis with projected changes and future estimates based on market conditions
- Collect and analyze financial information to develop efficient use of resources and procedures
- Develop policies, practices, and methods for improvement and implement changes effectively, ensuring compliance
Assistant Controller / Senior Accountant
Enable Holdings Inc
02.2007 - 09.2010
- Prepared financial statements and monthly management reports
- Developed financial statements for forecasting and provided trending analysis to management
- Interpreted key transactions to management in making economic and business decisions
- Worked with external auditors for interim reviews, year-end audits, statutory filings, SEC filings (10 K and 10 Q), and financial information related to footnote disclosures
- Reconciled key balance sheet and income statement accounts; reviewed monthly financial statements and provided rational analysis with a variance; prepared daily cash position for management
- Prepared weekly assets-based borrowing reports and communicated with the Financial Institute to get short-term working capital and meet the tight timelines regarding compliance
- To save external consultant cost, took responsibility for deferred tax & franchise tax calculation and filings
- Managed Sarbanes-Oxley project surrounding financial reporting, evaluated disbursement and receipt cycle, and identified key controls based on internal control structure
- Assisted Sarbanes-Oxley consultants in documentation through meetings with process owners and wrote narratives for the business unit
- Recommend management for improvements
- Identified key controls and performance of management walkthrough
Senior Accountant
Illinois Tollway Authority
08.2006 - 02.2007
- Managed accounting tasks efficiently, including reconciling complex revenue accounts, collecting actual cash vs outstanding checks, and handling stale-dated accounts
- Assisted in converting financial statements from GAAP to GAGAS/OCBOA
- Educated team related to various complex accounting activities, and explained correct processes for more productive, introduced automation through software for fixed assets record and depreciation calculation; reviewed major accounts and prepared P&L and Balance Sheet
- Reconciled long-term debt versus a sinking fund investment account, identified the error, and made an adjusting entry to correct the GL balance
- Reconciled fixed asset accounts and uploaded to the BNA system, maintained a spreadsheet for depreciation projections, and audit schedules
- Identified and analyzed capital and general project costs for assets
Senior Financial Analyst
RBC Financial Group
12.2000 - 07.2006
Education
Master of Science - Accounting and Finance
Gujarat University
01.1990
Skills
- Financial Statement Preparation
- Month-End Close and Reporting
- General Ledger and Bank Account Reconciliations
- AP and AR Management
- Inventory Management
- Budgeting
- Coaching and Training
- Audit Management
- Understanding of GAAP
- Capital Analysis
- Staff Management
- Process Implementation
- Research and Knowledge of Tax Law
- Strategic planning
- Cross-functional team coordination
- Troubleshooting and problem resolution
Accomplishments
- Worked with management and participants to invest an extra $100M in MMK to earn interest income. As a result, the Finance department is now not only a revenue-generating business segment, but over the last 3 + years since 2021, we have averaged more than $600 K+ in interest income, each year.
- Through hard teamwork, we reduced bed debt from $724K in 2023 to $160K in 2024. Directed year-end write-offs and ensured they were recorded in the 2024 financial record. Ensure the team keeps DSO
- Despite a challenging paper market/shortage, we successfully kept a minimum average of $1M inventory for $120 M+ ServSafe total sales with less than 1% obsolescence reserved and no backorders for 2024 and 2023. Decrease inventory cost and save by using multiple bids and quantity volume.
- Ensure all requirements were fulfilled for the Chase check print project to automate host-to-host AP vendor payment tasks in the last quarter of 2023. We successfully launched this Chase H2H, which works very well for day-to-day payments for 7 Bank accounts.
- Even though remote working was very challenging during the 2020 pandemic, our most significant success is that we as a team were successfully able to print and distribute 45,000+ RERF checks, including solving many fraud transactions, duplicate cashed checks, troubleshooting issues related to banking, timely responding to awardees' inquiries, and working beyond schedule, such as late nights and weekends, as needed.
- Provide instrumental support in implementing DocuPeak, an enterprise-wide document retrieval system that automates AP. Successfully rolled out of DocuPeak during 2018, including developing the training material, training guides, office hours, and communications that went out to the whole company.
- Implemented automation for the Sales tax project, where tax is calculated at the cart/transaction level and registered with all 50 states for monthly returns filing with auto debit from a bank account. Doing this reduces errors and 20 days of fulltime work to 3 days per month.
Certification
- CPA - Certified Public Accountant - 2005
Timeline
Senior Manager - Finance Operation & Tax
National Restaurant Association
09.2010 - Current
Assistant Controller / Senior Accountant
Enable Holdings Inc
02.2007 - 09.2010
Senior Accountant
Illinois Tollway Authority
08.2006 - 02.2007
Senior Financial Analyst
RBC Financial Group
12.2000 - 07.2006
Master of Science - Accounting and Finance
Gujarat University
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